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Advanced Oncotherapy – surely a statement is needed: is it bust yet?

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 18 March 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I cannot help but notice that shares in AIM-listed Advanced Oncotherapy (AVO) have fallen below their par value of 25p. For some companies this would present a bit of an embarrassment but for cash-guzzling AIM Casino plays with zero income it is surely a disaster. Since it's hard to see how a GM could be called in the current environment, will Advanced simply run out of (other peoples’) cash? And then there is the small matter of construction at Harley Street, which must be a tad tricky at the moment. On 20th February I noted the following:

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